Question

During the early phases of​ industrialization, the number of people engaged in agriculture usually drops​ sharply, even as agricultural output is growing. Given what you know about production technology and production​ functions, explain this seeming inconsistency. Output increases with less labor​ because:_________.

Answer 1

Answer:

Output increases with less labor​ because: Capital and technology increases.

Explanation:

After industrialisation, many lands underwent the usage of secondary sectors and feudal society decreases gradually. Feudal lords lost their power and middle class people emerges as the prestigious people in the society. Industrialisation leads to the decrease in the labour in agriculture but production increases because of the capital infusion in agriculture and due to the arrival of new technology. Demand of food products never dropped as they increases simultaneously with the population hence the increase in capital along with the new technology increases the food production across many countries around the world.